SPY's yearly chart is flagged as a bearish rising wedge that could trigger a selloff on a support break.
SPY — WATCH The author sees SPY's yearly chart forming a rising wedge, a bearish technical pattern. If price breaks below the support line, it could trigger a large selloff. The condition is not met yet, so this is a conditional bearish watch.
spy on the yearly chart is looking mightily like a rising wedge, signaling a bearish trend that if it breaks below the support line could trigger a huge selloff.
This Reddit post, published January 05, 2026, features u/TreGet234 discussing SPY. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/TreGet234 · Tickers: SPY